News Formal

HSBC shareholders to vote on whether to spin off Asia business at Friday's annual meeting

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Taking center stage for investors will be two resolutions tabled by investor Ken Lui, which call for a spinoff of HSBC's Asia business and fixed dividends.

" that the proposals reflect a longer-term issue "that's not likely to go away for HSBC." He predicted the bank will continue to see activist or leading shareholders putting pressure on management going forward.

"It would make sense to simplify the structure. However, as a bank, it's not easy to simplify it," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks in the red as traders wait on the FedAsia's stock markets fell in thin trade on Wednesday, as investors contended with signs of a softening U.S. economy, and were in full flight from U.S. regional lenders, ahead of an expected U.S. interest rate hike later in the day.
Source: Reuters - 🏆 2. / 97 Read more »